Gas Prices Hold Steady After Iran Ceasefire Despite Dubious $8/Gallon Warnings in California
Gas prices could rise due to the conflict with Iran. Alvaro Gonzalez/Getty Images Brent crude opened Thursday at $67.83 a barrel, down more than $13 from the high of $81 last week, after traders decided the Iran-Israel ceasefire will probably keep the Strait of Hormuz open. It follows US President Donald Trump delivering an all-caps message about oil prices on Monday, less than a day after US and Israeli forces struck three Iranian nuclear sites. "EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING!"